New Zealand has been puzzled by the United States’ announcement of a new 10% baseline tariff on all imported goods into the US. This was part of President Donald Trump’s sweeping worldwide tariffs announcement on Wednesday.

US President Trump introduced new reciprocal tariffs on various countries, including New Zealand, due to their tariffs on US goods. However, some claims about the tariffs were incorrect. Experts are concerned about potential economic impacts on markets,

The United States will impose a minimum 10% tax on all imported goods and much higher rates on countries it perceives to have unfair trade practices, President Donald Trump announced at the White House on Thursday morning NZ time.